Time to WAKE UP!
Hello guys! LTC is doing exactly what we were expecting, and did a correction by moving sideways, letting the 21 ema get closer instead of a sharp pullback. I already told you guys that I still have some LTC since our last trade. If you missed it check it bellow, and remember to follow me to keep updated, I do daily analysis and I’m always talking about cryptos.
We bought LTC here:
I partially sold my position, but I’m thinking in buying it back now. What bugs me it’s the weekly chart:
LTC is close to two resistances, the 38.2% fib retracement and the 21 ema, and although the volume is good, I confess that it’s annoying. For now, in the daily chart, we see that the price is “trapped” between the fib retracement and its support (red line). Let’s see how this fight will turn out.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
We bought LTC here:
I partially sold my position, but I’m thinking in buying it back now. What bugs me it’s the weekly chart:
LTC is close to two resistances, the 38.2% fib retracement and the 21 ema, and although the volume is good, I confess that it’s annoying. For now, in the daily chart, we see that the price is “trapped” between the fib retracement and its support (red line). Let’s see how this fight will turn out.
Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped.
Thank you very much.
* LIKE this idea and FOLLOW me, because:
- Here, you will see clean charts;
- Trades with clear risk management;
- The best of Dow Theory, Price Action and Candlestick psychology;
- Chart patterns with statistics. *
* My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
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